Coinbase (COIN) Stock Falls 10% to 52-Week Low as Cathie Wood Buys the Dip

Coinbase (COIN) stock closed at $136.82 on Thursday, down 9.69%, hitting a 52-week low of $133.50. Ark Invest bought $2.44 million of Coinbase while selling Bullish and Bitmine. Morgan Stanley cut Coinbase to Underweight with a $120 target. The Nasdaq fell 5.52%, its worst day since April 2025.